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Updated: 40 min 45 sec ago

Reinsurers will struggle with profitability, warns Fitch

21 October, 2019 - 05:16
Credit fundamentals will continue to reflect intense pricing competition and low investment yields, limiting profitability in the reinsurance sector. 

Vice chairman of City Insurance in Romania highlights ‘growth goldmine’ 

21 October, 2019 - 05:15
Personal lines and health issues offer future insurance growth opportunities in the Romanian market, according to Renato Szilagyi, vice chairman of City Insurance, which is based in the country.

Changes to Ogden will move rates for some, says UnipolRe underwriting manager

21 October, 2019 - 05:14
Changes to the rate used in the UK to calculate how much insurers should pay out in compensation to people who have suffered life-changing injuries will continue to have an impact on rates in the upcoming renewal, Simon Wigzell, underwriting manager of UnipolRe, told Baden-Baden Today.

Arch MI secures over $577m of indemnity reinsurance through Bellemeade Re ILN transaction

21 October, 2019 - 05:13
Arch Mortgage Insurance Company (Arch MI) has obtained $577 million of indemnity reinsurance on a pool representing $7.2 billion of mortgages from Bellemeade Re 2019-4, a special purpose reinsurer. The reinsurance is for a portfolio of MI policies linked to 113,180 loans issued by Arch MI and affiliates in 2019.

Digital reform for re/insurance

21 October, 2019 - 05:11
Is the re/insurance sector ready for Industry 4.0? Marcus Schmalbach, Ryskex, asked the question and provided some answers for Baden-Baden Today.

Opportunities in North America

20 October, 2019 - 09:14
With India providing the bedrock for its operations in the region, GIC Re sees the wider Asia-Pacific region as the growth engine for both the world economy and its own aims, Devesh Srivastava of GIC Re told APCIA Today.

How to identify clients by analysis of financial strength and underwriting performance

20 October, 2019 - 09:13
Reinsurers may think they know what the perfect client looks like but they might not always be correct. Stuart Shipperlee, managing director of Litmus Analysis, explains the perspective offered by the results of the consultancy’s analysis of North American cedants.

Nine risks the industry must be wary of: Praedicat

20 October, 2019 - 09:12
The insurance industry needs to keep a close eye on the horizon for future threats that might be “the next asbestos”, according to risk analysis company Praedicat.

Rates, growth, and alt cap are the industry’s current main worries, survey finds

20 October, 2019 - 09:11
The dynamic around rates and terms and conditions, the impact of alternative capacity on the market and how to grow those will be some of the biggest talking points at this year’s annual American Property Casualty Insurance Association conference in Boston, according to a survey of Intelligent Insurer readers.

Insurers including Lloyd’s can benefit from legal cannabis in US and Canada

20 October, 2019 - 09:10
Insurers at Lloyd’s could benefit from the rapid growth of the legal cannabis industry in the US and Canada, a legal expert has claimed.

Insurance industry uses blockchain to connect via the cloud

20 October, 2019 - 09:09
The creation of an ever-more standardised blockchain framework represents a key moment for the evolution of blockchain technology and the insurtech sector more widely.

Flood reform, TRIA and EU-US bilateral covered agreement are top RAA priorities: Nutter

20 October, 2019 - 09:08
One of the top priorities of the Reinsurance Association of America (RAA) over the next 12 months will be working with state regulators to ensure the bilateral covered agreement on insurance and reinsurance between the EU and the US, signed in 2017, is implemented by all states before the five-year deadline is reached.

Trapped capital can be solved: ILS Capital MD Clinton

20 October, 2019 - 09:07
After several years of heavy losses and other unexpected challenges such as loss creep and trapped capital, insurance-linked securities (ILS) investors are much more cautious going into the year-end renewals, with many readjusting their portfolios and attempts being made by some to solve the problem of trapped capital.

Loss creep remains a big issue for the ILS market: Johansmeyer

20 October, 2019 - 09:06
Loss creep remains a big issue for the insurance-linked securities (ILS) market, with some investors grappling with developments around the impact of 2017’s Hurricane Irma, which inflicted $77 billion in economic losses in the Northern Caribbean, Puerto Rico and Florida.

Wildfire risk is considered a ‘new major peril’ by reinsurers, says Guy Carpenter

20 October, 2019 - 09:05
Wildfire risk is considered a “new major peril” by reinsurers after the heavy losses of recent years. But the industry has a much better understanding of this risk following investments in risk models and better education about the nature of the risk.

FCA reports 10% fall in motor and transport insurance complaints – FCA

18 October, 2019 - 15:37
The number of complaints about motor and transport insurance fell 10% to 248,460 in the first half of 2019, down from 277, 363 from the second half of last year, according to the Financial Conduct Authority.

Henry Gillingham joins StarStone as head of War & Terrorism

18 October, 2019 - 15:14
Global specialty insurer StarStone has appointed Henry Gillingham as head of war & terrorism in its crisis management division.

Guy Carpenter appoints Dominic Samengo-Turner as global facultative leader

18 October, 2019 - 15:13
Guy Carpenter a global risk and reinsurance specialist and a business of Marsh & McLennan Companies, has appointed Dominic Samengo-Turner to the role of Global facultative leader.

REIN appoints Kate Sampson to advisory board

18 October, 2019 - 15:11
North Carolina-based REIN, a company with an enterprise insurtech platform, has appointed Kate Sampson to its advisory board.

Insurtech: should you believe the hype?

18 October, 2019 - 11:44
Everyone is talking about insurtech, but apart from its being a useful portmanteau term, does the reality live up to the hype that surrounds it? Intelligent Insurer asks those in the know.

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